Credit rating
Company information
About Formas ApS
Formas ApS (CVR number: 36689056) is a company from KØBENHAVN. The company recorded a gross profit of -18.2 kDKK in 2023. The operating profit was -18.2 kDKK, while net earnings were -146.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.3 %, which can be considered poor and Return on Equity (ROE) was -5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Formas ApS's liquidity measured by quick ratio was 2.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -22.07 | -18.77 | -17.61 | -52.97 | -18.19 |
EBIT | -22.26 | -18.77 | -17.61 | -52.97 | -18.19 |
Net earnings | 54.52 | 398.10 | 621.17 | 639.50 | - 146.27 |
Shareholders equity total | 2 323.03 | 1 721.13 | 2 342.30 | 2 981.80 | 2 835.53 |
Balance sheet total (assets) | 4 291.90 | 4 782.79 | 5 487.97 | 6 285.25 | 4 700.86 |
Net debt | 1 844.74 | 2 880.15 | 2 566.39 | 2 134.83 | 1 594.37 |
Profitability | |||||
EBIT-% | |||||
ROA | 3.8 % | 12.7 % | 16.1 % | 16.1 % | -0.3 % |
ROE | 2.0 % | 19.7 % | 30.6 % | 24.0 % | -5.0 % |
ROI | 4.0 % | 13.0 % | 16.6 % | 16.6 % | -0.3 % |
Economic value added (EVA) | - 172.77 | - 129.25 | -97.76 | - 137.05 | - 125.05 |
Solvency | |||||
Equity ratio | 54.1 % | 36.0 % | 42.7 % | 47.4 % | 60.3 % |
Gearing | 80.6 % | 170.2 % | 127.6 % | 104.2 % | 64.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.2 | 1.6 | 1.7 | 1.9 | 2.5 |
Current ratio | 2.2 | 1.6 | 1.7 | 1.9 | 2.5 |
Cash and cash equivalents | 27.60 | 49.93 | 421.46 | 972.31 | 220.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BB |
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